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EXHIBIT 12.1
Statement Regarding Computation of Ratios
(in thousands, except ratio)
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<CAPTION>
Nine Month Ended
Fiscal Year Ended December 31, September 30,
----------------------------------------- ------------------
1995 1996 1997 1998 1999 1999 2000
------- ------ ------ ------- ------- -------- --------
(unaudited)
<S> <C> <C> <C> <C> <C> <C> <C>
Fixed charges:
Interest expense,
including
amortization of debt
expense.............. $ -- $ -- $ -- $ -- $ -- $ -- $ 6,455
Assumed interest
element in rent...... 271 338 533 667 933 632 946
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Total fixed
charges............ $ 271 $ 338 $ 533 $ 667 $ 933 $ 632 $ 7,401
Earnings (loss):
Net income (loss)..... $(4,281) $5,392 $8,659 $24,976 $42,013 $ 25,343 $ 48,618
Fixed charges per
above................ 271 338 533 667 933 632 7,401
------- ------ ------ ------- ------- -------- --------
Total earnings
(loss)............. $(4,010) $5,730 $9,192 $25,643 $42,946 $ 25,975 $ 56,019
Ratio of earnings to
fixed charges.......... -- 17.0x 17.3x 38.5x 46.0x 41.1x 7.6x
======= ====== ====== ======= ======= ======== ========
Deficiency of earnings
available to cover
fixed charges.......... $(4,281) -- -- -- -- -- --
======= ====== ====== ======= ======= ======== ========
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